University of Houston Digital Library: Annual Reports from the Hospitality Industry Archives: Marriott Corporation, 1975 Annual Report

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Marriott Corporation, 1975 Annual Report

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Marriott International, Inc.. Marriott Corporation, 1975 Annual Report - Image 22. 1975. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 1, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1560/show/1541.

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Marriott International, Inc.. (1975). Marriott Corporation, 1975 Annual Report - Image 22. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1560/show/1541

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Marriott International, Inc., Marriott Corporation, 1975 Annual Report - Image 22, 1975, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 1, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1560/show/1541.

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Compound Item Description

Title	Marriott Corporation, 1975 Annual Report
Creator (LCNAF)	Marriott International, Inc.
Publisher	Marriott International, Inc.
Date	1975
Description	Marriott Corporation Annual Report for the 52 weeks ending on July 25, 1975.
Subject.Topical (LCSH)	Hospitality industry Hotel management Corporation reports
Subject.Name (LCNAF)	Marriott International, Inc.
Genre (AAT)	annual reports business records
Language	English
Type (DCMI)	Text Image
Original Item Location	Marriott Hotels Collection
Digital Collection	Annual Reports from the Hospitality Industry Archives
Digital Collection URL	http://digital.lib.uh.edu/collection/hiltonar
Repository	Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL	http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction	No Copyright - United States
File Name	index.cpd

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Item Description

Title	Image 22
Format (IMT)	image/jpeg
File Name	hiltonar_201609_046_022.jpg
Transcript	20 rate and individual travel accounts. This strategy, and swift internal austerity measures, put the division in the black. MARRIOTT INN FRANCHISING profits advanced again in '75. Overall occupancy at the 12 franchised Inns improved slightly, emphasizing the demand for "Marriott-quality" accommodations in a variety of American cities. The 13th Inn, with 244 rooms, opens in Providence, Rhode Island in November, 1975. MARRIOTT CONDOMINIUM sales improved despite unfavorable national real estate investment trends. Earnings rose with most of the increase coming from initial results at The Essex Towers in New York. CAMELBACK INN at Scottsdale, Arizona near Phoenix, offering resort condominiums, sold 100 units last year. Marriott manages these luxurious accommodations when not in use by owners, maintaining the famous Inn for vacation guests and group meetings. Total units sold to date is 306. When all 407 units have been purchased, the Camelback Inn condominium program will have sold real estate valued at more than $22 million. ESSEX TOWERS, the condominium segment of New York City's prestigious Essex House Hotel, sold 8 suites—24 individual rooms—in the program's first year. Introduction of this concept came just as the recession and tight money market became critical problems, thereby affecting sales demand. However, these are high- quality, centrally-located accommodations at Central Park, and interest from both corporations and individuals is picking up as the economy strengthens. Marriott Hotel growth: The Ritz (above), third hotel in Acapulco . . . added management responsibilities at Palmas del Mar, exquisite new resort in Puerto Rico :rW. itaivV1:? ^<iujlp*f£&&itt&